04/14/2015 (3) - Laserfiche WebLink

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Dynegy buys coal-, gas- and oil -fired power plants from Energy Capital Partners (NYSE: DYN) finalized the acquisition of EquiPower Resources Corp and Brayton Point Holdings LLC from Energy Capital Partners (ECP). The acquisition includes 10 power plants with a capacity of 6.3 GW for the New England and PJM power markets. The original acquisition price was $3.45 billion including $3.25 billion in cash and $200 million of common stock issued to ECP at closing. Dynegy and ECP on March 30 amended the purchase and sales agreements to increase the cash consideration to $3.35 billion and reduce the common stock by 50 percent based on the settlement price of $28.90 per share. The power plants included in the deal are: The 1,493 -MW Brayton Point coal-fired power plant in Massachusetts, scheduled for closing on June 1, 2017. The 187 -MW Dighton gas-fired plant in Massachusetts. The 856 -MW Lake Road gas-fired power plant in Connecticut. • The 280 -MW Masspower gas-fired power plant in Massachusetts. The 579 -MW Milford gas-fired power plant in Connecticut. The 788 -MW Elwood gas-fired power plant in Illinois. The 1,108 -MW Kincaid coal-fired power plant in Illinois. The 600 -MW Liberty gas-fired power plant in Pennsylvania. The 447 -MW Richland gas-fired power plant in Ohio. The 19 -MW Stryker oil -fired power plant in Ohio. Dynegy's other acquisition, of Duke Energy 's commercial generation and retail assets in the Midwest, has received all approvals and is expected to close on April 2.